Hewlett Packard Enterprise Company (NYSE:HPE) Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 336,511 shares of the technology company's stock after acquiring an additional 19,255 shares during the period. IFM Investors Pty Ltd's holdings in Hewlett Packard Enterprise were worth $5,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $25,000. Bruce G. Allen Investments LLC boosted its stake in Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $31,000. Institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,590 shares of company stock valued at $2,436,000. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.3%

Shares of NYSE:HPE traded up $0.47 during midday trading on Thursday, hitting $21.27. 34,641,207 shares of the company's stock traded hands, compared to its average volume of 16,967,408. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The company has a market cap of $27.91 billion, a PE ratio of 21.48, a P/E/G ratio of 3.01 and a beta of 1.35. The firm's fifty day moving average price is $18.18 and its two-hundred day moving average price is $18.62. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HPE shares. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Finally, KeyCorp began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.85.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.